SpaceX Stock Surges 7.35% to Near 3-Month High Amid Rising Tesla Merger Odds
Author: CryptoNewsNet·
Key Takeaways
- •SpaceX stock climbed 7.35% on October 2, closing the session at $158 per share.
- •The gain pushed SpaceX shares to their highest level in nearly three months.
- •The stock movement coincided with increasing speculation about a potential merger between SpaceX and Tesla.
- •A merger would combine Tesla's electric vehicle and clean energy business with SpaceX's launch and space operations.
- •Market attention is focused on whether merger odds continue to rise and if either company issues a formal statement.
Shares of SpaceX (NASDAQ: SPCX) surged 7.35% on October 2, closing the trading session at $158 per share.
The rally lifted the stock to its highest level in nearly three months, and it comes amid rising odds of a potential merger between SpaceX and Tesla, two companies led by Elon Musk. A combination would pair Tesla's electric vehicle and clean energy business with SpaceX's launch and space operations, bringing them under a single corporate roof.
From here, the developments to watch include whether merger odds continue to climb and whether either company issues a formal statement on a potential deal.
